Conde Nast is a great company to be an employee at. They take great care of their full time staff. The name carries significant weight and and prestige within the industry. It is a great place to make many valuable connections.

Cons

Freelancers are not as well taken care of as staffers, but still worth the experience. It can very much be about who you know. You have to have a thick skin to work with some of the very strong personalities there.